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8 Aug 2012

200th CBT Meeting of EPF held

The 200th Meeting of the Central Board of Trustees, Employees Provident Fund Organisation (EPF0), which was the fourteenth regular meeting of the present Board, was convened here today under the chairmanship of Union Labour & Employment Minister Shri Mallikarjun Kharge. Speaking on the occasion the minister emphasized upon the increasing the scope of investment inclusive of the safety of funds. He also informed the members of the e-pass book facility launched by the EPFO. The Board deliberated upon the confirmation of the final minutes of the 199th meeting of CBT, EPF held 0n May 25,this year. The approval of the Central Board of Trustees of EPFO was also sought for the proposed acquisition of 26% of the equity stake in the Reliance Capital Asset Management Limited (RCAML) by Nippon Life Insurance Company, Japan. In addition proposal for expanding investment opportunity to increase the earnings of the fund was also deliberated upon. The proposal for classification of investment in Private Institutions notified as Public Financial Institutions (PFIs) under30% category of Pattern of Investment in PSU/PFIs by Employees Provident Fund Organisation (EPF0) came up for discussions.